Block (NYSE:XYZ) Stock Rating Reaffirmed as Buy by BTIG Research

Block (NYSE:XYZ)‘s stock had its “buy” rating reiterated by BTIG Research in a note issued to investors on Friday, Benzinga reports. They currently have a $100.00 target price on the technology company’s stock. BTIG Research’s price objective suggests a potential upside of 35.48% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Benchmark upgraded Block to a “strong-buy” rating in a research report on Thursday, September 10th. Robert W. Baird set a $105.00 price target on Block in a research note on Thursday, August 6th. Keefe, Bruyette & Woods upped their price target on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, TD Cowen increased their price target on Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.42.

Block Stock Performance

Shares of XYZ stock traded down $2.61 on Friday, hitting $73.81. The company had a trading volume of 320,053 shares, compared to its average volume of 6,283,605. Block has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a market cap of $44.34 billion, a P/E ratio of 132.02, a price-to-earnings-growth ratio of 0.80 and a beta of 2.52. The company has a 50-day moving average price of $80.22 and a 200-day moving average price of $73.32.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts predict that Block will post 2.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Block news, Director Anthony Eisen sold 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the completion of the sale, the director directly owned 1,566,672 shares in the company, valued at approximately $134,498,791.20. The trade was a 2.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the transaction, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. The trade was a 7.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 363,913 shares of company stock worth $29,462,126 in the last 90 days. Insiders own 11.37% of the company’s stock.

Institutional Trading of Block

A number of institutional investors have recently made changes to their positions in XYZ. Raiffeisen Bank International AG increased its holdings in shares of Block by 0.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock worth $3,503,000 after buying an additional 148 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after acquiring an additional 179 shares during the last quarter. Avior Wealth Management LLC grew its position in Block by 3.3% in the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after acquiring an additional 193 shares during the period. Carson Advisory Inc. grew its position in Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after acquiring an additional 200 shares during the period. Finally, Ellevest Inc. increased its stake in Block by 4.9% during the fourth quarter. Ellevest Inc. now owns 5,288 shares of the technology company’s stock worth $344,000 after acquiring an additional 245 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.